What does "excess and surplus lines" insurance cover?

"Excess and surplus lines" insurance is designed to provide coverage for risks that are not typically accepted by standard insurance carriers. This type of insurance comes into play when businesses or individuals find themselves in high-risk situations or require specialized coverage that standard insurers are unwilling to underwrite.

For instance, this can include unique or complex risks associated with certain industries, businesses with unusual operations, or even emerging trends that might not be well understood by the broader insurance market. The excess and surplus lines market allows for greater flexibility and creativity in crafting insurance solutions, accommodating risks that deviate from the norm or carry higher exposure to loss.

The focus of this type of insurance is therefore distinctly on high-risk situations, making it capable of addressing the unique needs of clients who do not meet the criteria set by traditional insurers. Other options such as general health insurance for large organizations, personal liability claims, or basic auto policies do not fall under this category as they are typically covered by standard insurance products.